Newmont Goldcorp

Special Committee of Goldcorp in its US$10 billion acquisition by Newmont Mining

Client

Special Committee of Goldcorp

Value

US$10 billion

Service

Mergers and Acquisitions

Date Closed

April 2019

Industry

Mining

Lead Office

Toronto


On January 14, 2019, Newmont Mining Corporation, one of the world’s largest gold producers, and Goldcorp Inc., a gold production company based in Vancouver, announced they had entered into a definitive agreement in which Newmont will acquire all of the outstanding common shares of Goldcorp in a stock-for-stock transaction valued at US$10 billion.

This transaction will create the world’s largest gold miner and will combine two gold industry leaders into Newmont Goldcorp to create an unmatched portfolio of operations, projects, and exploration opportunities in the gold mining sector. Newmont Goldcorp’s world-class portfolio will feature operating assets in favorable jurisdictions, an unparalleled project pipeline on four continents, and exploration potential in the most prospective gold districts around the globe.

The formation of Newmont Goldcorp also ensures that Canada’s gold industry will participate in a world-leading natural resources company that will create a recognized industry leadership in environmental, social and governance performance.

The transaction is expected to close in the second quarter of 2019.

Osler, Hoskin and Harcourt LLP represented the independent committee of the Board of Directors with a team consisting of Jeremy Fraiberg, Alex Gorka, Don Gilchrist (Corporate) and Michelle Lally (Competition).


Team
Jeremy  Fraiberg

Jeremy Fraiberg

Partner, Corporate

Alex Gorka

Alex Gorka

Partner, Corporate

Donald  Gilchrist

Donald Gilchrist

Partner, Corporate

Michelle Lally - Competition/Antitrust Lawyer

Michelle Lally

Partner, Competition/Antitrust & Foreign Investment